EBX Group: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
EBX Group
Largest movements
- Receivables within one year -€63,281
down €63,281 (-33.2%), from €190,626 to €127,345
of which Trade receivables: -€60,881
- Receivables after one year -€9,943
down €9,943 (-37.0%), from €26,880 to €16,937
- Tangible fixed assets +€6,121
up €6,121 (+4.8%), from €126,919 to €133,040
of which Furniture and vehicles: +€6,496
- Cash +€4,694
up €4,694 (+36.2%), from €12,978 to €17,672
mainly Receivables within one year (+€63,281) and Depreciation (+€34,728)
- Trade debts -€73,612
down €73,612 (-42.4%), from €173,749 to €100,137
- Debts after one year +€27,922
up €27,922 (+70.9%), from €39,401 to €67,323
- Reserves -€13,705
down €13,705 (-39.9%), from €34,319 to €20,614
- Tax, wage and social debts -€11,690
down €11,690 (-53.0%), from €22,037 to €10,347
of which Taxes: -€15,061
- Current portion of long-term debt +€8,519
up €8,519 (+25.9%), from €32,892 to €41,411
- Depreciation +€12,620
up €12,620 (+57.1%), from €22,108 to €34,728
- Taxes +€8,647
new in 2025: €8,647
- Gross operating margin +€8,081
up €8,081 (+18.7%), from €43,136 to €51,217
- Financial charges +€6,655
up €6,655 (+374%), from €1,779 to €8,434
of which Non-recurring financial charges: +€5,239
- Staff costs +€5,782
up €5,782 (+79.1%), from €7,308 to €13,090
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €358,229 | €295,787 | -€62,442 | -17.4% |
| Fixed assets | 21/28 | €126,919 | €133,040 | +€6,121 | +4.8% |
| Tangible fixed assets | 22/27 | €126,919 | €133,040 | +€6,121 | +4.8% |
| Plant, machinery and equipment | 23 | €8,742 | €10,774 | +€2,031 | +23.2% |
| Furniture and vehicles | 24 | €109,409 | €115,906 | +€6,496 | +5.9% |
| Other tangible fixed assets | 26 | €8,767 | €6,361 | -€2,407 | -27.5% |
| Current assets | 29/58 | €231,310 | €162,747 | -€68,563 | -29.6% |
| Amounts receivable after more than one year | 29 | €26,880 | €16,937 | -€9,943 | -37.0% |
| Other amounts receivable | 291 | €26,880 | €16,937 | -€9,943 | -37.0% |
| Amounts receivable within one year | 40/41 | €190,626 | €127,345 | -€63,281 | -33.2% |
| Trade receivables | 40 | €167,954 | €107,073 | -€60,881 | -36.2% |
| Other amounts receivable | 41 | €22,672 | €20,271 | -€2,400 | -10.6% |
| Cash at bank and in hand | 54/58 | €12,978 | €17,672 | +€4,694 | +36.2% |
| Deferred charges and accrued income | 490/1 | €826 | €794 | -€33 | -4.0% |
| Total equity and liabilities | 10/49 | €358,229 | €295,787 | -€62,442 | -17.4% |
| Equity | 10/15 | €52,919 | €39,214 | -€13,705 | -25.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €34,319 | €20,614 | -€13,705 | -39.9% |
| Distributable reserves | 133 | €34,319 | €20,614 | -€13,705 | -39.9% |
| Amounts payable | 17/49 | €305,309 | €256,573 | -€48,736 | -16.0% |
| Amounts payable after more than one year | 17 | €39,401 | €67,323 | +€27,922 | +70.9% |
| Financial debts | 170/4 | €39,401 | €67,323 | +€27,922 | +70.9% |
| Amounts payable within one year | 42/48 | €265,908 | €189,250 | -€76,659 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €32,892 | €41,411 | +€8,519 | +25.9% |
| Trade debts | 44 | €173,749 | €100,137 | -€73,612 | -42.4% |
| Suppliers | 440/4 | €173,749 | €100,137 | -€73,612 | -42.4% |
| Taxes, remuneration and social security | 45 | €22,037 | €10,347 | -€11,690 | -53.0% |
| Taxes | 450/3 | €16,591 | €1,530 | -€15,061 | -90.8% |
| Remuneration and social security | 454/9 | €5,446 | €8,817 | +€3,371 | +61.9% |
| Other amounts payable | 47/48 | €37,231 | €37,355 | +€124 | +0.3% |
| Non-recurring operating income | 76A | - | €3,236 | +€3,236 | |
| Remuneration, social security and pensions | 62 | €7,308 | €13,090 | +€5,782 | +79.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,108 | €34,728 | +€12,620 | +57.1% |
| Other operating charges | 640/8 | €14 | €447 | +€433 | +3,066% |
| Non-recurring operating charges | 66A | - | €125 | +€125 | |
| Gross operating margin | 9900 | €43,136 | €51,217 | +€8,081 | +18.7% |
| Operating profit (loss) | 9901 | €13,706 | €2,826 | -€10,880 | -79.4% |
| Financial income | 75/76B | €77 | €549 | +€472 | +614% |
| Recurring financial income | 75 | €77 | €160 | +€83 | +108% |
| Non-recurring financial income | 76B | - | €390 | +€390 | |
| Financial charges | 65/66B | €1,779 | €8,434 | +€6,655 | +374% |
| Recurring financial charges | 65 | €1,779 | €3,195 | +€1,416 | +79.6% |
| Non-recurring financial charges | 66B | - | €5,239 | +€5,239 | |
| Profit (loss) for the period before taxes | 9903 | €12,004 | -€5,058 | -€17,062 | |
| Income taxes | 67/77 | - | €8,647 | +€8,647 | |
| Profit (loss) for the period | 9904 | €12,004 | -€13,705 | -€25,710 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,004 | -€13,705 | -€25,710 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.